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OPEC oil output rises in June on Saudi and UAE hikes, Reuters survey finds
OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, although the increase was limited as Iraq pumped below target to compensate for earlier overproduction.
6mon MSN
OPEC+ is set to accelerate oil production increases in August, exceeding previous plans with a 548,000 barrel-per-day boost.
OPEC’s June oil production rose by 270,000 bpd, but weak compliance and inconsistent enforcement raise doubts about whether ...
OPEC has agreed in principle to further accelerate its supply increases next month, delegates said, as the group led by Saudi Arabia seeks to reclaim market share.
LONDON (Reuters) -OPEC+ will consider raising oil output by around 550,000 barrels per day in August at its meeting on ...
OPEC+ may bring its meeting forward to Saturday to approve another oil production hike, though actual supply increases remain ...
OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group’s long-term strategy.
Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible OPEC+ output increase in August.
The EIA revealed on Tuesday that the United States imported over 30 million barrels of crude oil from OPEC countries in May.
Bloomberg on MSN1d
Vakhshouri: OPEC a Stabilizing Factor in Oil MarketOil was trading slightly lower ahead of an OPEC+ meeting on July 6 that is set to deliver another oversized production hike.
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